Austria is one of the most attractive countries in the world to live in. An ideal combination of economic stability, a clean and safe environment, and an excellent infrastructure makes the country an outstanding place of residence. For persons of independent means as well as those who can qualify under the ‘key manager’ category, Austria offers the opportunity to become resident in an Eu and Europe’s Schengen Area member country with minimal bureaucratic requirements.
An Austrian residence permit allows you to travel to all Europe’s Schengen Area states without a visa. A residence permit is initially issued for one year and can then be renewed without problems or interruptions. After 10 years of legal residence, and in certain circumstances after six years, it is possible to apply for Austrian citizenship.